Maybe a day makes all the difference world, at least with a hi-beta stock like LDK Solar Co. (NYSE: LDK) after a more than 50% haircut.
LDK Solar posted earnings of $0.44 EPS on $192.8 million in revenues. First Call was at $0.51 and $183.1 million. As far as guidance, the company gave next quarter at $0.41 EPS to $0.45 EPS on $210 to $220 million in revenues, while estimates were $0.40 EPS and $219.7 million. It also gave guidance of $960 million to $1.0 Billion for all of 2008, while estimates were pegged at and $1.06 Billion.
Shares of LDK closed up 4.5% in regular trading at $32.46 today. The shares are up 4% at $33.80 in after-hours trading. The 52-week trading range is $22.27 to $76.75.
After looking at the guidance, this appears in-line with much of the guidance offered in January when shares were far higher than today. Maybe Wall Street is finally setting the bar the lower for these hi-beta names in alternative energy.
Jon C. Ogg
February 25, 2008
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
